subject
Mathematics, 21.12.2019 03:31 indikanna

Acar insurance company has 2500 policy holders. the expected claim paid to a policy holder during a year is $1000 with a standard deviation of $900. what premium should the company charge to each policy holder to assure that, approximately, with probability 0.999, the premium income will cover the cost of the claims? use the central limit theorem to answer this question. you can use that φp3.0903q 0.999, where φ denotes the cdf of the standard normal distribution.

ansver
Answers: 2

Another question on Mathematics

question
Mathematics, 21.06.2019 19:00
Thee blue triangle has rotated from quadrant i to quadrant iii about the origin. describe the effects of the rotation on the coordinates of the blue triangle.
Answers: 3
question
Mathematics, 21.06.2019 19:00
Me asap on # : explain how factoring a trinomial, ax^2+ bx+ c, when a does not equal 1 different from factoring a trinomial when a = 1.
Answers: 2
question
Mathematics, 21.06.2019 22:40
(10. in the figure, a aabc is drawn tocircumscribe a circle of radius 3 cm ,such thatthe segments bd and dc are respectively oflength 6 cm and 9 cm. find the length ofsides ab and ac.
Answers: 3
question
Mathematics, 22.06.2019 02:00
4. bob solved the inequality problem below incorrectly. explain his error and redo the problem showing the correct answer. ? 2x + 5 < 17 ? 2x + 5-5 < 17-5 -2x/-2 < 12/-2 x < -6
Answers: 2
You know the right answer?
Acar insurance company has 2500 policy holders. the expected claim paid to a policy holder during a...
Questions
question
History, 25.02.2021 23:20
question
Mathematics, 25.02.2021 23:20
question
Mathematics, 25.02.2021 23:20
question
Mathematics, 25.02.2021 23:20
question
Arts, 25.02.2021 23:20
question
Chemistry, 25.02.2021 23:20
Questions on the website: 13722363